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[SITUATION] · [QUIET] · [TECHNOLOGY]

3 clusters · 16 sources · 37 days · First seen · Last updated

Open Cosmos satellite company expansion

Overview

The UK-based satellite company Open Cosmos has expanded its operational scope and financial resources. Initially, the company secured a role in supporting a national defence communications push, transitioning from Earth observation into the direct-to-device communications sector. CEO Rafel Jordà Siquier described the contract as a “stamp of approval” for the company’s strategy.

Subsequently, Open Cosmos secured €300 million in a Series C funding round led by Lightrock and ETF Partners. This investment, which included participation from the British National Security Strategic Investment Fund, the Institut Català de Finances (ICF), and Entrepreneurs First, has propelled the company to a “unicorn valuation” of over $1 billion. The capital is intended to scale mass-manufacturing capabilities and accelerate the deployment of proprietary space infrastructure, including ConnectedCosmos, OpenConstellation, and DataCosmos.

Building on this capital, the company has announced an ambitious expansion in Greece. Following the successful launch of the Hyperion GR-1—the first of seven satellites under the National Micro-satellite Program—Open Cosmos plans to develop new 4,000 square meter production facilities and office spaces. This expansion aims to grow its Greek workforce from approximately 40 employees to more than 300 by 2030. The funding for these initiatives also saw participation from Greek investment schemes Sustainable Forward Capital (SFC) and Ireon Ventures, alongside international investors like Endeavor Catalyst Fund.

Entities

Open Cosmos · Sustainable Forward Capital · Axelspace Corporation · Institut Català de Finances · Rafel Jordà Siquier

Timeline

  1. [TECHNOLOGY] 2 sources
    Open Cosmos to expand satellite production and workforce in Greece

    Open Cosmos is expanding its operations in Greece, aiming to produce one satellite per day and increase its local workforce to over 300 employees by 2030 following a €300 million funding round.

  2. [TECHNOLOGY] 12 sources
    Open Cosmos secures €300 million to expand satellite manufacturing

    Satellite manufacturer Open Cosmos has raised €300 million in Series C funding, reaching a $1 billion valuation to expand its mass-manufacturing capabilities and space-based connectivity services across Europe.

  3. [TECHNOLOGY] 2 sources
    Space companies secure defence and Earth observation contracts

    Open Cosmos secures a UK defence communications role, while Axelspace partners with Airbus Defence and Space to expand Earth observation services via microsatellite imagery.

Sources

advanced-television.com · businessdaily.gr · cronicadecantabria.com · dailyguardian.ca · dicaappdodia.com · dirigentesdigital.com · entrevestor.com · fortunegreece.com · iefimerida.gr · mononews.gr · naftemporiki.gr · news.satnews.com · telcotitans.com · thetechoutlook.com · trendingtopics.at · ultimahora.es

This summary has been updated 2 times: see revision history